Oracle Corporation: Price Expected To Move Upwards Towards Its Resistance Level At Around $80
Today’s instrument is the Oracle Corp. stock traded on the NYSE exchange under the ticker ORCL.
Looking at the ORCL’s chart, we can see that it is traded at around $77.06. Last night it announced its quarterly earnings with a generally positive outcome. Today we could expect an upward movement of the price toward its resistance level at around $80 and if able to pass it then it should approach its next resistance level at around $85.
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